Insurance in Norway

Insurance in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Norway insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2013 average exchange rates.

The Norwegian insurance market is expected to generate total gross written premiums of $24.1bn in 2014, representing a compound annual growth rate (CAGR) of 4.3% between 2010 and 2014.

The life insurance segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $13.7bn, equivalent to 56.8% of the market's overall value.

The performance of the market is forecast to decelerate, with an anticipated CAGR of 4% for the five-year period 2014 – 2019, which is expected to drive the market to a value of $29.3bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Norway

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Norway

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Norway insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Norway economy

Reasons to buy

What was the size of the Norway insurance market by value in 2014?

What will be the size of the Norway insurance market in 2019?

What factors are affecting the strength of competition in the Norway insurance market?

How has the market performed over the last five years?

Companies mentioned

Kommunal Landspensjonskasse (KLP), Storebrand Livsforsikring and DNB Group

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market Outlook 11

Market value forecast 11

Five Forces Analysis 12

Summary 12

Buyer power 13

Supplier power 15

New entrants 17

Threat of substitutes 18

Degree of rivalry 19

Leading Companies 20

Kommunal Landspensjonskasse (KLP) 20

Storebrand Livsforsikring 23

DNB Group 26

Macroeconomic Indicators 29

Country Data 29

Methodology 31

Industry associations 32

Related MarketLine research 32

Appendix 33

About MarketLine 33

LIST OF TABLES

Table 1: Norway insurance market value: $ billion, 201014(e) 8

Table 2: Norway insurance market category segmentation: $ billion, 2014(e) 9

Table 3: Norway insurance market geography segmentation: $ billion, 2014(e) 10

Table 4: Norway insurance market value forecast: $ billion, 201419 11

Table 5: Kommunal Landspensjonskasse (KLP): key facts 20

Table 6: Kommunal Landspensjonskasse (KLP): key financials ($) 20

Table 7: Kommunal Landspensjonskasse (KLP): key financials (NOK) 21

Table 8: Kommunal Landspensjonskasse (KLP): key financial ratios 21

Table 9: Storebrand Livsforsikring: key facts 23

Table 10: Storebrand Livsforsikring: key financials ($) 23

Table 11: Storebrand Livsforsikring: key financials (NOK) 24

Table 12: Storebrand Livsforsikring: key financial ratios 24

Table 13: DNB Group: key facts 26

Table 14: DNB Group: key financials ($) 27

Table 15: DNB Group: key financials (NOK) 27

Table 16: DNB Group: key financial ratios 27

Table 17: Norway size of population (million), 201014 29

Table 18: Norway gdp (constant 2005 prices, $ billion), 201014 29

Table 19: Norway gdp (current prices, $ billion), 201014 29

Table 20: Norway inflation, 201014 30

Table 21: Norway consumer price index (absolute), 201014 30

Table 22: Norway exchange rate, 201014 30

LIST OF FIGURES

Figure 1: Norway insurance market value: $ billion, 201014(e) 8

Figure 2: Norway insurance market category segmentation: % share, by value, 2014(e) 9

Figure 3: Norway insurance market geography segmentation: % share, by value, 2014(e) 10

Figure 4: Norway insurance market value forecast: $ billion, 201419 11

Figure 5: Forces driving competition in the insurance market in Norway, 2014 12

Figure 6: Drivers of buyer power in the insurance market in Norway, 2014 13

Figure 7: Drivers of supplier power in the insurance market in Norway, 2014 15

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Norway, 2014 17

Figure 9: Factors influencing the threat of substitutes in the insurance market in Norway, 2014 18

Figure 10: Drivers of degree of rivalry in the insurance market in Norway, 2014 19

Figure 11: Kommunal Landspensjonskasse (KLP): revenues & profitability 21

Figure 12: Kommunal Landspensjonskasse (KLP): assets & liabilities 22

Figure 13: Storebrand Livsforsikring: revenues & profitability 24

Figure 14: Storebrand Livsforsikring: assets & liabilities 25

Figure 15: DNB Group: revenues & profitability 28

Figure 16: DNB Group: assets & liabilities 28

List of Tables

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List of Figures

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